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The New Way to Assess and Pay Duties and Taxes on Imported Commercial Goods
The Canada Border Services Agency (CBSA) Assessment and Revenue Management (CARM) initiative is transforming how the CBSA will manage the import of commercial goods into Canada.
Who is Affected
All businesses importing goods into Canada are affected by CARM. Whether you have one shipment or multiple, you will be impacted.
Understanding CARM
Delegation of Authority
Importers must grant their third-party service providers (ie. customs brokers like us!) approval to enable them to continue managing their commercial import activities.
Post Financial Security to obtain Release Prior to Payment (RPP)
Commercial importers will need to post their own financial security to account for imported goods with the CBSA. To learn more about the RPP, please visit here
Payment of Import Duties and Taxes with the CBSA
Starting this May, CARM will introduce the Commercial Accounting Declaration (CAD) that will replace the current B3 Customs Coding & B2 Request, this serves as the digital document to account for imported goods into Canada. If you need help with this, Greenlight can walk you through the steps!
CCP Registration
Creating a CARM Client Portal business account will be required to import goods into Canada. To register for CARM today please visit here
How can Greenlight Customs Broker Help your Business through this Transition?
Expertise in CARM Transition
Greenlight has specialized knowledge and experience in navigating the complexities of the transition to the CBSA Assessment and Revenue Management (CARM) system. They understand the new requirements, processes, and functionalities to ensure you a smooth transition.
Minimize Compliance Risks
With Greenlight's assistance, importers can minimize compliance risks associated with the transition to CARM. Their expertise ensures accurate classification of goods, proper documentation, and adherence to customs regulations, reducing the likelihood of penalties or delays.
Efficient Processing
Greenlight streamlines import processes by leveraging their understanding of the CARM system. They navigate the platform efficiently, ensuring faster processing of transactions and minimizing administrative burdens for importers.
Optimized Financial Security
Greenlight helps importers optimize their financial security by managing bond procurement effectively. They ensure importers have the appropriate bonds in place to guarantee payment of duties and taxes, reducing financial risks associated with international trade.
Tailored Solutions
Greenlight provides tailored solutions to meet the specific needs of importers. Whether it's strategic advice on tariff optimization, trade agreements, or risk mitigation measures, they offer personalized guidance to help importers make informed decisions aligned with their objectives.
Dedicated Support
Importers can rely on Greenlight for dedicated support throughout the transition to CARM. Their team of experts is available to address inquiries, resolve issues, and provide guidance at every step of the process, ensuring a seamless transition for their clients.
For more information on CARM please visit the following links
